Jabil (NYSE:JBL) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Jabil (NYSE:JBL) issued its quarterly earnings results on Wednesday. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12, Briefing.com reports. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. During the same quarter in the previous year, the company earned $2.60 EPS. Jabil’s revenue was down 16.6% on a year-over-year basis. Jabil updated its Q2 guidance to $1.60-2.00 EPS and its FY25 guidance to $8.75 EPS.

Jabil Price Performance

Shares of NYSE JBL opened at $133.98 on Wednesday. The company has a fifty day moving average price of $129.98 and a 200 day moving average price of $117.78. The firm has a market cap of $14.96 billion, a PE ratio of 12.16, a PEG ratio of 1.57 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s payout ratio is 2.90%.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. cut their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the sale, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 in the last 90 days. 1.73% of the stock is currently owned by company insiders.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).